The Palestinian Information Technology Association of Companies : Moving Forward on Information and Communications Technology and Innovation
The economy of the Palestinian territories, hampered by years of conflict, occupation, and insecurity remains dependent on foreign aid and the public sector remains the largest employer. Jobs are too few and manufacturing, agriculture, services, in...
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| Format: | Brief |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2013/01/17278155/palestinian-information-technology-association-companies-pita-moving-forward-information-communications-technology-ict-innovation http://hdl.handle.net/10986/20571 |
| Summary: | The economy of the Palestinian
territories, hampered by years of conflict, occupation, and
insecurity remains dependent on foreign aid and the public
sector remains the largest employer. Jobs are too few and
manufacturing, agriculture, services, including tourism are
in decline. As a recent Bank report noted while the
Palestinian Authority (PA) has had considerable success in
building the institutions of a future state, it has made
less progress in developing a sustainable economic base. The
recent growth has largely been driven by donor aid. This
situation is unsustainable and aid levels have already begun
to fall. Fora future Palestinian state to be viable, it is
necessary that a private sector led economy is able to
generate the jobs needed by a rapidly growing population and
the resources required by the government to provide
services. Despite multiple challenges in the investment
climate, the Palestinian information and communications
technology (ICT) sector has managed to grow and integrate
with regional and international businesses. It is a fast
growing start-up sector, which heavily contributes to the
development of a knowledge based economy in Palestine. |
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